MORTGAGE TOOLS & CALCULATORS
Mortgage Calculators to Help You Plan Your Next Move
Explore our mortgage calculators to estimate payments, compare financing options, understand purchasing power, evaluate refinancing opportunities, and see how different loan strategies may affect your finances. Use these tools to explore the numbers—then let’s talk about what they could mean for your goals.
Start Your ApplicationEXPLORE THE NUMBERS
Choose the Calculator That Fits Your Goal
Whether you’re estimating a monthly payment, exploring how much home you may be able to afford, comparing loan terms, or evaluating a refinance, these calculators can help you explore different mortgage scenarios and better understand the numbers behind your options.
Mortgage Payment Calculator
Estimate your monthly mortgage payment based on your loan amount, loan term, and interest rate. Use the Advanced and Amortization views for a more detailed look at your estimated payment and loan schedule.
Loan Amount
Loan Term (Years)
Interest Rate (%)
Estimated Monthly Payment
Principal
Interest
This calculator is provided for illustrative purposes only. Results are estimates and are not a commitment to lend, loan approval, or a quote of actual loan terms. Actual payments, rates, costs, taxes, insurance, and loan terms may vary based on your individual circumstances and applicable loan program requirements.
Advanced Payment Details
Loan Amount
Loan Term (Years)
Interest Rate (%)
Property Tax (Yearly)
Homeowners Insurance (Yearly)
Mortgage Insurance (Yearly)
HOA Dues (Yearly)
Other Housing Costs (Yearly)
Estimated Total Monthly Payment
Principal & Interest
Property Tax
Homeowners Insurance
Mortgage Insurance
HOA Dues
Other Costs
This calculator is provided for illustrative purposes only. Results are estimates and are not a commitment to lend, loan approval, or a quote of actual loan terms. Taxes, insurance, mortgage insurance, HOA dues, and other costs may vary. Actual payments, rates, costs, and loan terms depend on your individual circumstances and applicable loan program requirements.
Amortization Schedule
Loan Amount
Loan Term (Years)
Interest Rate (%)
Monthly Payment
Total Interest
Total Payments
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| Enter your loan details and generate the schedule to view your amortization table. | |||||
This amortization schedule is provided for illustrative purposes only. Results are estimates based on the information entered and reflect principal and interest only. Actual loan payments, rates, costs, and terms may vary based on your individual circumstances and applicable loan program requirements.
Purchasing Power Calculator
Estimate how much home you may be able to afford based on your income, monthly debts, down payment, interest rate, and estimated housing expenses.
Basic Purchasing Power
Annual Gross Income
Monthly Debt Payments
Down Payment
Interest Rate (%)
Loan Term (Years)
Debt-to-Income Ratio (%)
Estimated Purchasing Power
Estimated Max. Loan Amount
Estimated Max. Monthly Housing Payment
This calculator is provided for illustrative purposes only. Purchasing power and loan amounts are estimates based on the information and debt-to-income ratio entered. Actual qualification may vary based on credit, income documentation, assets, property taxes, insurance, mortgage insurance, HOA dues, loan program requirements, lender guidelines, and other factors. This is not a commitment to lend or an offer of credit.
Advanced Purchasing Power
Annual Gross Income
Monthly Debt Payments
Down Payment
Interest Rate (%)
Loan Term (Years)
Debt-to-Income Ratio (%)
Property Tax (Yearly)
Homeowners Insurance (Yearly)
Mortgage Insurance (Yearly)
HOA Dues (Yearly)
Other Housing Costs (Yearly)
Estimated Purchasing Power
Estimated Maximum Loan Amount
Maximum Monthly Housing Payment
Available Principal & Interest
Property Tax
Homeowners Insurance
Mortgage Insurance
HOA Dues
Other Costs
This calculator is provided for illustrative purposes only. Purchasing power and loan amounts are estimates based on the information, housing costs, and debt-to-income ratio entered. Actual qualification may vary based on credit, income documentation, assets, property details, taxes, insurance, mortgage insurance, HOA dues, loan program requirements, lender guidelines, and other factors. This is not a commitment to lend or an offer of credit.
Purchasing Power Amortization
Loan Amount
Interest Rate (%)
Loan Term (Years)
Monthly Principal & Interest
Total Interest
Total of Payments
Amortization Schedule
| Payment # | Payment | Principal | Interest | Total Interest | Remaining Balance |
|---|---|---|---|---|---|
| Enter your loan details and generate the schedule to view your amortization breakdown. | |||||
This amortization schedule is provided for illustrative purposes only. Results are estimates based on the information entered and reflect principal and interest only. Actual loan payments, rates, costs, and terms may vary based on your individual circumstances and applicable loan program requirements.
Qualifying Loan Calculator
Estimate the loan amount you may qualify for based on your income, monthly debts, interest rate, loan term, and debt-to-income ratio. Use the Advanced option to include estimated property taxes, homeowners insurance, mortgage insurance, HOA dues, and other housing costs for a more detailed calculation.
Basic Qualifying Loan
Annual Gross Income
Monthly Debt Payments
Interest Rate (%)
Loan Term (Years)
Debt-to-Income Ratio (%)
Estimated Qualifying Loan Amount
Maximum Monthly Housing Payment
Maximum Total Monthly Debt
Advanced Qualifying Loan
Annual Gross Income
Monthly Debt Payments
Interest Rate (%)
Loan Term (Years)
Debt-to-Income Ratio (%)
Property Taxes (Monthly)
Homeowners Insurance (Monthly)
Mortgage Insurance (Monthly)
HOA Dues (Monthly)
Other Housing Costs (Monthly)
Estimated Qualifying Loan Amount
Maximum Monthly Housing Payment
Available Principal & Interest
Qualifying Loan Amortization Schedule
Loan Amount
Interest Rate (%)
Loan Term (Years)
Monthly Principal & Interest
Total Interest Paid
Total of Payments
This amortization schedule is provided for illustrative purposes only. Results are estimates based on the information entered and reflect principal and interest only. Actual loan payments, rates, costs, and terms may vary based on your individual circumstances and applicable loan program requirements.
Rent vs. Buy Calculator
Estimate the loan amount you may qualify for based on your income, monthly debts, interest rate, loan term, and debt-to-income ratio. Use the Advanced option to include estimated property taxes, homeowners insurance, mortgage insurance, HOA dues, and other housing costs for a more detailed calculation.
Basic Rent vs. Buy Loan
Monthly Rent
Home Purchase Price
Interest Rate (%)
Down Payment (%)
Loan Term (Years)
Estimated Monthly Mortgage Payment
Current Monthly Rent
Monthly Payment Difference
Advanced Rent vs. Buy Loan
Monthly Rent
Home Purchase Price
Interest Rate (%)
Down Payment (%)
Loan Term (Years)
Property Taxes (Monthly)
Homeowners Insurance (Monthly)
Mortgage Insurance (Monthly)
HOA Dues (Monthly)
Annual Rent Increase (%)
Estimated Monthly Cost to Own
Current Monthly Rent
Monthly Cost Difference
Long-Term Rent vs. Buy Comparison
Comparison Period (Years)
Total Rent Paid
Estimated Ownership Cost
Estimated Principal Paid
This calculator is provided for illustrative purposes only. Results are estimates based on the information and assumptions entered. The comparison does not account for all potential costs or benefits of renting or owning, including home appreciation, maintenance and repairs, selling costs, tax effects, investment opportunity costs, changes in taxes or insurance, or other factors. Actual results may vary.
Refinance Calculator
Explore how refinancing your mortgage could affect your monthly payment, interest costs, and long-term loan outlook. Compare your current mortgage with a potential new loan to estimate savings, costs, and break-even timing.
Basic Refinance Comparison
Current Loan Balance
Current Interest Rate (%)
Remaining Loan Term (Years)
New Interest Rate (%)
New Loan Term (Years)
Estimated Closing Costs
Current Monthly Payment
New Monthly Payment
Estimated Monthly Savings
Estimated Break-Even Period
Advanced Refinance Comparison
Current Loan Balance
Current Interest Rate (%)
Remaining Loan Term (Years)
New Interest Rate (%)
New Loan Term (Years)
Estimated Closing Costs
Current Monthly Mortgage Insurance
New Monthly Mortgage Insurance
Cash Out Amount
Finance Closing Costs?
Current Monthly Payment
New Monthly Payment
Estimated Monthly Savings
Estimated Break-Even Period
Refinance Amortization Comparison
New Loan Amount
New Interest Rate (%)
New Loan Term (Years)
Monthly Principal & Interest
Total Interest Paid
Total of Payments
This calculator is provided for illustrative purposes only. Results are estimates based on the information and assumptions entered and are not a loan estimate, quote, approval, or commitment to lend. Actual refinance terms, payments, closing costs, mortgage insurance, loan amounts, interest rates, and savings may vary. Refinancing may extend your repayment period and could increase the total interest paid over the life of the loan. Consult a qualified mortgage professional to evaluate your specific situation.
15-Year vs. 30-Year Mortgage Calculator
Compare a 15-year mortgage with a 30-year mortgage to see how the loan term can affect your monthly principal and interest payment, total interest paid, and overall cost of the loan.
Basic 15-Year vs. 30-Year Comparison
Loan Amount
15-Year Interest Rate
30-Year Interest Rate
15-Year Monthly P&I
30-Year Monthly P&I
Monthly Payment Difference
15-Year Total Interest
30-Year Total Interest
Estimated Interest Difference
Advanced 15-Year vs. 30-Year Comparison
Loan Amount
15-Year Interest Rate (%)
30-Year Interest Rate (%)
Annual Property Taxes
Annual Homeowners Insurance
Monthly HOA Dues
15-Year Mortgage Insurance (Monthly)
30-Year Mortgage Insurance (Monthly)
15-Year Estimated Monthly Payment
30-Year Estimated Monthly Payment
Monthly Payment Difference
15-Year Total Interest
30-Year Total Interest
Estimated Interest Difference
15-Year vs. 30-Year Amortization Comparison
Loan Amount
15-Year Interest Rate (%)
30-Year Interest Rate (%)
15-Year Monthly P&I
30-Year Monthly P&I
Monthly Payment Difference
This calculator is provided for illustrative purposes only. Results are estimates based on the information and assumptions entered and are not a loan estimate, quote, approval, or commitment to lend. Actual interest rates, payments, mortgage insurance, taxes, homeowners insurance, HOA dues, loan costs, and total interest may vary. Shorter loan terms generally require higher monthly principal and interest payments but may reduce total scheduled interest. Consult a qualified mortgage professional to evaluate which loan term may fit your financial goals.
3-2-1 Buydown Calculator
See how a temporary 3-2-1 buydown can reduce the borrower’s principal and interest payment during the first three years of the loan before reaching the full note-rate payment in Year 4.
Basic 3-2-1 Buydown
Loan Amount
Note Interest Rate (%)
Loan Term (Years)
Year 1 Monthly P&I
Year 2 Monthly P&I
Year 3 Monthly P&I
Year 4+ Monthly P&I
Estimated Total Buydown Subsidy
Advanced 3-2-1 Buydown
Loan Amount
Note Interest Rate (%)
Loan Term (Years)
Annual Property Taxes
Annual Homeowners Insurance
Monthly HOA Dues
Monthly Mortgage Insurance
Year 1 Estimated Monthly Payment
Year 2 Estimated Monthly Payment
Year 3 Estimated Monthly Payment
Year 4+ Estimated Monthly Payment
Estimated Total Buydown Subsidy
This calculator is provided for illustrative purposes only. Results are estimates based on the information and assumptions entered and are not a loan estimate, quote, approval, or commitment to lend. A temporary 3-2-1 buydown does not change the mortgage note rate or permanently reduce the loan payment. The reduced payments during the first three years are generally funded through a temporary buydown account, subject to applicable loan program, lender, investor, and funding-source requirements. Actual payments, buydown costs, taxes, homeowners insurance, mortgage insurance, HOA dues, rates, fees, and eligibility may vary. Consult a qualified mortgage professional for program-specific requirements and available options.
Bi-Weekly Buydown Calculator
See how making half of your regular monthly principal and interest payment every two weeks may help pay off your mortgage sooner and reduce total interest compared with a standard monthly payment schedule.
Basic Bi-Weekly Mortgage
Loan Amount
Interest Rate (%)
Loan Term (Years)
Regular Monthly P&I
Bi-Weekly Payment
Estimated Interest Savings
Estimated Time Saved
Estimated Payoff Time
Advanced Bi-Weekly Mortgage
Loan Amount
Interest Rate (%)
Loan Term (Years)
Annual Property Taxes
Annual Homeowners Insurance
Monthly HOA Dues
Monthly Mortgage Insurance
Regular Estimated Monthly Payment
Bi-Weekly P&I Payment
Estimated Interest Savings
Estimated Time Saved
Estimated Payoff Time
This calculator is provided for illustrative purposes only. Results are estimates based on the information and assumptions entered and are not a loan estimate, quote, approval, or commitment to lend. The bi-weekly comparison assumes 26 half-payments per year, equivalent to 13 full monthly principal-and-interest payments annually, with the additional annual payment modeled evenly across the year. Actual savings and payoff timing may vary based on loan terms, payment dates, interest calculations, and how your mortgage servicer processes partial and additional payments. Some servicers may hold partial payments until a full contractual payment is received and may have specific requirements for applying additional funds to principal. Taxes, homeowners insurance, mortgage insurance, HOA dues, and other housing expenses generally do not reduce principal and are excluded from the estimated interest-savings calculation. Check with your mortgage servicer before beginning a bi-weekly payment strategy.
